Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), By Product Type (Canned meat & seafood, Canned fruit & vegetables, Canned ready meals, Others), By Type (Organic, Conventional), By Distribution Channel (Supermarket/Hypermarket, Convenience stores, E-commerce, Others) And Competitive Landscape
Product Code: ETC389960 | Publication Date: Aug 2022 | Updated Date: Aug 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
The Africa Canned Food Market report thoroughly covers the market by Product, Type, Distribution Channel, and Countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Africa Canned Food Market has been experiencing growth over the years and is expected to grow steadily in the coming years. This growth of the market is due to the growing economy of the country, rapid urbanization, changing lifestyles of people, and increasing purchasing power of consumers.
According to 6Wresearch, the Africa Canned Food Market size is expected to grow at a significant CAGR of 5.2% during 2024-2030. The rapid urbanization across countries of Africa has led to a shift towards canned food. Since people living in urban areas have busy lifestyles they are moving towards canned food as they offer quick and convenient solutions. As more people are moving towards urban areas, there is a change in their dietary habits. They are moving towards westernized food which includes higher consumption of processed foods. With the economic growth, there is a rise in the disposable income of the people. Consumers are now more willing to spend their money on high-quality and nutritious food such as canned food.
The lack of proper infrastructure in many parts of Africa hinders the distribution of canned food. Another challenge for the market is the lack of awareness about the benefits of canned food and the presence of numerous varieties of food. Moreover, there have been concerns regarding the quality and safety standards of canned food products. This can lead to consumer mistrust and potentially impact sales in the market.
Nestle is a multinational food and beverage company headquartered in Switzerland. It has a significant presence in the African canned food market, offering a wide range of products such as soups, sauces, and fruits. Tiger Brands Limited is one of the leading players in the African canned food market. The company offers a variety of canned foods including vegetables, fruits, and meat-based products. Rhodes Food Group is a South African company that specializes in the production and distribution of canned fruit, vegetables, and meat products. Other prominent players include Del Monte Foods Inc. and Conagra Brands Inc.
The government is investing heavily in developing infrastructure that supports the production, packaging, and transportation of canned food products. Many African governments have also launched agricultural development programs that aim to increase crop production and improve farming techniques to ensure the supply of raw materials for canned food. Several countries in Africa have been entering into trade agreements with other countries, such as the African Continental Free Trade Area (AfCFTA) to encourage trade and investment. Furthermore, governments are implementing strict health and safety regulations to ensure that canned food products meet quality standards and are safe for consumption.
The African canned food market is projected to continue its steady growth in the coming years. Factors such as increasing urbanization, rising demand for convenience foods, and government support for domestic production are expected to drive this growth. There is also a growing trend towards healthier and more sustainable canned food options, which is likely to further propel market growth. Moreover, the adoption of advanced technologies in production and packaging processes is expected to improve the quality and shelf life of canned food products, further boosting market growth.
According to Ravi Bhandari, Research Head, 6Wresearch, the canned meat and seafood segment is expected to hold a major share in the market due to its high demand for proteins and long shelf life.
The hypermarkets/supermarkets are the popular choice for purchasing canned food products in Africa. This can be attributed to the wider availability of products, competitive pricing, and convenience of one-stop shopping.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Africa Canned Food Market Overview |
3.1 Africa Regional Macro Economic Indicators |
3.2 Africa Canned Food Market Revenues & Volume, 2020 & 2030F |
3.3 Africa Canned Food Market - Industry Life Cycle |
3.4 Africa Canned Food Market - Porter's Five Forces |
3.5 Africa Canned Food Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Africa Canned Food Market Revenues & Volume Share, By Product Type, 2020 & 2030F |
3.7 Africa Canned Food Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.8 Africa Canned Food Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F |
4 Africa Canned Food Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Africa Canned Food Market Trends |
6 Africa Canned Food Market, 2020-2030 |
6.1 Africa Canned Food Market, Revenues & Volume, By Product Type, 2020-2030 |
6.2 Africa Canned Food Market, Revenues & Volume, By Type, 2020-2030 |
6.3 Africa Canned Food Market, Revenues & Volume, By Distribution Channel, 2020-2030 |
7 South Africa Canned Food Market, 2020-2030 |
7.1 South Africa Canned Food Market, Revenues & Volume, By Product Type, 2020-2030 |
7.2 South Africa Canned Food Market, Revenues & Volume, By Type, 2020-2030 |
7.3 South Africa Canned Food Market, Revenues & Volume, By Distribution Channel, 2020-2030 |
8 Nigeria Canned Food Market, 2020-2030 |
8.1 Nigeria Canned Food Market, Revenues & Volume, By Product Type, 2020-2030 |
8.2 Nigeria Canned Food Market, Revenues & Volume, By Type, 2020-2030 |
8.3 Nigeria Canned Food Market, Revenues & Volume, By Distribution Channel, 2020-2030 |
9 Kenya Canned Food Market, 2020-2030 |
9.1 Kenya Canned Food Market, Revenues & Volume, By Product Type, 2020-2030 |
9.2 Kenya Canned Food Market, Revenues & Volume, By Type, 2020-2030 |
9.3 Kenya Canned Food Market, Revenues & Volume, By Distribution Channel, 2020-2030 |
10 Rest of Africa Canned Food Market, 2020-2030 |
10.1 Rest of Africa Canned Food Market, Revenues & Volume, By Product Type, 2020-2030 |
10.2 Rest of Africa Canned Food Market, Revenues & Volume, By Type, 2020-2030 |
10.3 Rest of Africa Canned Food Market, Revenues & Volume, By Distribution Channel, 2020-2030 |
11 Africa Canned Food Market Key Performance Indicators |
12 Africa Canned Food Market - Opportunity Assessment |
12.1 Africa Canned Food Market Opportunity Assessment, By Countries, 2020 & 2030F |
12.2 Africa Canned Food Market Opportunity Assessment, By Product Type, 2020 & 2030F |
12.3 Africa Canned Food Market Opportunity Assessment, By Type, 2020 & 2030F |
12.4 Africa Canned Food Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F |
13 Africa Canned Food Market - Competitive Landscape |
13.1 Africa Canned Food Market Revenue Share, By Companies, 2023 |
13.2 Africa Canned Food Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |